Public Warehousing issues prospectus for IPO on Nomu

The Public Warehousing Company has issued the prospectus of its initial public offering (IPO) on the Nomu Parallel Market, after obtaining the required regulatory approvals, the company said in a statement.

Public Warehousing plans to offer 1.29 million shares, or 30 percent of capital, which will increase its total shares to 4.29 million shares at a set price of SAR 10 per share.

On Aug. 17, the Capital Market Authority approved Public Warehousing’s request to increase capital to SAR 42.9 million from SAR 30 million.

The IPO is set to launch from Oct. 2 to Oct. 15, and will be limited to qualified investors only, as per Nomu regulations.

Mansour Abdulaziz Al Subaie is one of the company’s major stakeholders.

Company Profile
Company	Public Warehousing Co.
Stock market	Nomu Parallel Market
Company’s core business	Setting up and managing warehouses close to main ports, airports and highways
Company’s status	Active
Company’s capital before IPO	SAR 30 mln
Company’s capital after IPO	SAR 42.86 mln

IPO Details
IPO Percentage	30%
Number of IPO shares	1.29 mln shares
Issuance price	Within a price range of SAR 53-63 /share
Subscribers	Nomu qualified investors
Minimum subscription	500 shares
Maximum subscription limit	214,299 shares
Subscription date	From Oct. 2 until Oct. 15, 2017
Additional Details
Financial advisor & lead manager	Aljazira Capital
Use of IPO proceeds	To finance future projects

Major Shareholders
Shareholder	Number of shares before IPO (‘000)	Stake before IPO	Number of shares after IPO (‘000)	Stake after IPO
Mansour Abdulaziz Al Subaie	1,500	50.0%	1,500	35.0 %
Dalal Khaled Al Subaie	300	10.0%	300	7.0 %
Abdulaziz Mansour Al Subaie	150	5.0%	150	3.5%
Mishari Mansour Al Subaie	150	5.0%	150	3.5%
Ahmed Mansour Al Subaie	150	5.0%	150	3.5%
Fajr Mansour Al Subaie	150	5.0%	150	3.5%
Hessa Mansour Al Subaie	150	5.0%	150	3.5%
Mounira Mansour Al Subaie	150	5.0%	150	3.5%
Fawaz Mansour Al Subaie	150	5.0%	150	3.5%
Ward Mansour Al Subaie	150	5.0%	150	3.5%
Public	--	--	1,286	30%
Total	3,000	100.0%	4,286	100.0%

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